At first glance, Russia’s economy looks strong. In 2012, when the global economy was losing momentum and the Eurozone was stuck in recession, growth in Russia was solid, based on resilient domestic consumption. But a closer look reveals weaknesses. Read More »
Corruption is a complex matter, whose
multiple aspects are often not easily identified. This
policy note explores the linkages between the quality of
governance, corruption... Show More + and doing business in Russia. Based
on the surveys reviewed, corruption in Russia has
significantly grown in recent years, both in terms of state
capture and administrative corruption. The first part of
the note outlines the rationale for the approach to review
corruption risks in Russia through the lens of the quality
of regulatory management. The second part reviews the
overall trends on the levels of corruption in Russia, as
brought out by the surveys mentioned above, and highlights
issues related to inspections, permits and licensing,
management of government contracts and tax administration.
The third part of the paper provides an overview of selected
international best practices that could help improve
Russia's record on its business environment, including
measures related to enhancing the quality of the regulatory
management process and quick win solutions for some of the
specific problems identified. Show Less -